Sunday May 31, 2020

Central Bank Governor: Brexit is now the biggest concern for Irish SMEs

Uncertainty will delay investment plans, Philip Lane said

11th November, 2016

Surveys show that Brexit is now the "biggest concern" facing Irish SMEs, Central Bank Governor Philip Lane said today.

He also said that Brexit uncertainty will "delay many investment plans".

The sector is especially exposed both to the fluctuation in sterling and the level of economic activity in Britain, he told the annual meeting of the Irish Small and Medium Enterprises Association in Ballsbridge. However, some firms that rely on imports from Britain may actually...

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